The management of SBI Funds Management (SBI MF) will allocate a fifth of R30,330 million to non-trustees through six Franklin Templeton Mutual Fund schemes during the week starting Monday. In this regard, the total fee will be Rs 21,080 crore, which is 84 per cent of the assets under management (AUM) as of April 23, 2020, MF spokesman Franklin Templeton said on Sunday.
Under the first issue issued in February, investors received Rs 9,122 crore, while Rs 2,962 crore was paid to investors by the week of April 12, Rs 2,489 crore during the week of May 3 and the latest payment during the week of June 7, investors paid R20 crore.
“SBI Funds Management Pvt Ltd (SBI MF) will be distributing the next amount of Rs 3,302.75 crore to unitholders in all six schemes. 12, 2021, “said a spokesman.
The amount to be distributed to non-participating individuals will be paid by deducting the limited units from the total assets of July 9, this year, in addition. This payment will be made electronically to all those who are eligible for non-education by the SBI MF, who has been appointed as the manager of closing the schemes closed by the High Court.
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“SBI Funds Management Pvt Ltd (SBI MF) will be distributing the next R3,32.75 crore to people who do not use all six systems. 12, 2021,” a spokesman said.
The amount that will be allocated to the participants will be paid by deducting the limited units for all assets on July 9, this year, in addition. This payment will be made online to all those who are eligible for non-education by the SBI MF, who has been appointed as the manager of closing schemes closed by the High Court.
